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The Financial Express

Bourses open higher amid optimism

FE Online Report | Published: December 26, 2019 12:10:38 | Updated: December 27, 2019 11:09:47


Bourses open higher amid optimism

Stocks witnessed upward trend in early hours of trading on Thursday as bargain hunters were active on sector-wise issues.

After hitting fresh 42-month, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note, but trading activities remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 20 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 45 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 32 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 77 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 32.02 points or 0.72 per cent to stand 4,422 points at 11:00am.

The DS30 index, comprising blue chips, also gained 11.97 points to reach at 1,508 points. The DSE Shariah Index rose 8.12 points to stand at 993 points till then.

Turnover, the important indicator of the market, stood at Tk 589 million on DSE when the report was filed at 11:00am.

Northern Jute Manufacturing Company was the most traded stocks till then with shares worth Tk 42 million changing hands, closely followed by United Power, Paramount Insurance, Khulna Power and Anlimayarn Dyeing.

Of the issues traded till then, 213 advanced, 44 declined and 42 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with CSE All Share Price Index- CASPI-advancing 77 points to stand at 13,450 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 48 points to stand at 8,154 points till then.

Of the issues traded till then, 50 advanced, 16 declined 10 issues remained unchanged with Tk 145 million in turnover.

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